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Barchart
Barchart
Rich Asplund

Broader Market Gains on Positive Corporate News

The S&P 500 Index ($SPX) (SPY) today is up +0.36%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%.

Stock indexes today are mixed, with the Dow Jones Industrials posting a new all-time high.  Positive corporate news is boosting the broader market today, with Bank of America up more than +5% after reporting better-than-expected Q2 net interest income and forecasting Q4 net interest income above consensus. Also, Match Group is up more than +8% after Starboard Value said it has built a 6.6% stake in the company.  In addition, UnitedHealth Group is up more than +5% after forecasting full-year adjusted EPS above consensus.  Stock indexes also found support after US June retail sales rose more than expected, indicating the economy was holding up.

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